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WARRIOR [948]
3 years ago
10

A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t

he tax be on a house that is appraised at $45,000, with an assessed value of $40,000?
Business
1 answer:
pashok25 [27]3 years ago
5 0

Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

Appraised Value = $25,000

Assessed value = $20,000

Tax = $300

Tax rate = ($300 / $20,000) x 100 = 1.5%

Assume Appraised Value = $45,000

Assume Assessed value = $40,000

Calculation of tax value = Assessed value x tax rate

= $40,000 x 1.5%

= $600

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Hiromi congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail an
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4 years ago
Sweet Company’s outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000
frutty [35]

Answer:

preferred stockholders received $15,000 during the first 3 years

  • $2,000 in the first year
  • $6,000 in the second year
  • $7,000 in the third year

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Explanation:

preferred stock = 1,000 shares x $100 par value x 5% = $5,000

common stock = 10,000 shares at $10 par value

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1               $2,000

2              $6,000

3            $32,000

preferred stockholders should have received $5,000 per year x 3 years = $15,000. Preferred stockholders must be paid first, and their payment is fixed. If the dividends are not enough to pay the total amount, the remaining amount should be paid next year.

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  • $6,000 in the second year
  • $7,000 in the third year

common shareholders received $32,000 - $7,000 = $25,000 in dividends during the third year.

7 0
4 years ago
A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with different wattages.
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Answer:

Please see attachment

Explanation:

Please see attachment

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3 years ago
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